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BTC Bitcoin: S/R and Bearish PatternsHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTC). The chart is self-explanatory. There are multiple bearish patterns noted in the chart. RSI and MFI have been moving up very quickly but Volume has been declining after the recent pump. The $47K-49K region is extremely important with Fibonacci Retracement, Ichimoku Cloud, Multi-month Support and Resistance Line and top of the EMA ribbon coming together. I would be cautious until we pass that price area. If you are going long, consider a tight stop loss. Technicals shown in the chart: Trend line, Support and Resistance Trend Line, Rising Wedge Pattern, Relative Strength Index, MFI, Double Top Pattern, EMA, Simple Moving Average, Death Cross, Head and Shoulders Pattern, Fibonacci Retracement and Volume. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BITFINEX:BTCUSD
by MillionaireEconomics
15
2022 Macro ViewHope you are all holding strong and staying the course. It was a great spot to dollar cost average these past few weeks. Its's never fun to see Bitcoin dump like it did but I'm so thankful for all the new entries in the mid 30's it provided us. No one knows the course but I feel like this is our most likely path for 2022. Things can always speed up with Bitcoin but the idea is to never get too excited or down about the temporary outcome. We are playing for the long game and we must stay patient. Every life challenge provides us a lesson and can be a blessing. Hope you are all doing well. Thanks for the nice messages these past couple months. Some of you guys are really doing awesome with your buys. Time is our friend. Keep swimming. -BronsonTheSHARK
COINBASE:BTCUSDLong
by Bronson-TheShark
22
BTC Bitcoin: 1H Chart UpdateHello friends, today you can review the technical analysis idea on a 1H linear scale chart for Bitcoin ( BTC ). The chart is self-explanatory. The price is inside a Descending Broadening Wedge pattern (locally) but still inside a Rising Wedge Pattern, when zooming out. Multiple Support and Resistance Lines are shown on the chart. I also included in the chart the 50 SMA and 200 SMA (recently death cross occurred), Ichimoku Cloud, RSI, and Volume. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BITFINEX:BTCUSD
by MillionaireEconomics
Bitcoin Analysis 12.02.2022Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow!
BITSTAMP:BTCUSD
by basictradingtv
142
BTC Bitcoin: 3 Possible ScenariosHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTC). The chart is self-explanatory. I noticed three possible scenarios that could be possible for the BTC price. Keep a close eye on the RSI. Shown in the chart: Trend line, Support and Resistance Trend Line, Bull Flag, Descending Channel, Relative Strength Index, and Volume . If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
BITSTAMP:BTCUSD
by MillionaireEconomics
7
Bitcoin: Ski-jumping 🎿 Bitcoin is totally caught up in the Winter Olympics. It has climbed into the upper half of the turquoise jump between $39212 and $46233 and right now is observing the wind regime to decide whether it should go a bit higher still or jump already. We still grant Bitcoin some room to finish wave in magenta at the upper edge of the turquoise zone, but it should not rise above $46233 to maintain our primary forecast. We expect it to jump off and float downwards, aiming for the perfect landing with wave in magenta.
BITFINEX:BTCUSDShort
by MarketIntel
2
BTC is challenging its trendline resistance. What is next? BTC is challenging its trendline resistance. Last Saturday, BTC dropped hard during the forex market holiday. But it has almost recovered. Last Saturday, BTC dropped from the $56000 price zone to the $42000 price zone. $52000/53000 was strong support before it dropped. Now BTC is challenging its trendline resistance $52000/53000 price zone. So, breaking above $53000 may invalidate its downtrend. But as long as below the Descending trendline, which started from 9th November, BTC won't change its downward bias. Though it is too early to say that ahead of Christmas and the new year, it is expected that there will be profit-taking. If so, we may see another knee-jerk downside slide on the BTC. As long below $53000, our first sell target is $47500, the next target is $40764, and the final target to the downside is $30500. Our sell target will be invalid if BTC rice is close above the $60000 price zone. If you see in the weekly chart, RSI dropped below the divergence. That also indicates the more downside pressure coming soon. Let's see what happens. Just follow money management and enjoy trading. This is not a trading signal, and it is just a personal opinion only.
Short
by Gold_Trading_Expert
9
BTC Bitcoin: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). The chart is self-explanatory. Since RSI is close to the oversold region, there may be a chance that the BTC price goes upwards with a possible re-test of the multi-month S/R line. If price continues to fall, please keep a close eye on the Support Zone noted in the chart. Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI, Support Zone, Ichimoku Cloud, Volume, Exponential Moving Average Ribbons, Simple Moving Average, Double Top Pattern, Ascending Wedge Pattern, Volume Profile Volume Range (VPVR). I have additional charts below on cryptocurrencies, stocks and more to review. Check them out! If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BITSTAMP:BTCUSD
by MillionaireEconomics
8
Bitcoin - BTC possibility of fake run up! Be carefull! Bitcoin has a doubble bottom which lead it up to a new attempt on breaking the falling wedge resistance and also the Asceding triangle which broke below it yesterday! But don't rush to buy or long it because we have to face HUGE RESISTANCE of the Falling Wedge and the ascending triangle and if it doesn't break above 39,3k$ we will have a HEAD AND SHOULDERS in the 4-8hour time frame! So please be carefull and wait for the proper break to the upside with the retest on the support! Now is a very tricky and dangerous time to trade without confirmations! @CryptoDrou Patience is also TRADING!!!!
INDEX:BTCUSDShort
by CryptoDrou
Bitcoin: What The Weekly Chart ShowsHello friends, today you can review the technical analysis on a 1W linear scale chart for Bitcoin ( BTCUSD ), a cryptocurrency. 1) This is a macro chart showing the multiple years of price action through weekly candlesticks. 2) The chart shows Bitcoin on Coinbase exchange where there is generally the highest volume and most price activity. 3) There is Bearish Divergence on the weekly with the RSI (relative strength index) comparison. 4) The MA 20, 50, 100 and 200 are shown in the charts. Price is currently below the MA 20. 5) The RSI at 41-43 is an important area, which BTC may need to hold if price wants to move higher. 6) Though Volume is consistent, there is no major inflow of volume. This could be due to the limited number of Bitcoins traded versus held in outside storage. 7) Many influencers look at 1H, 4H or 1D charts and indicators, but looking at the macro charts - 1W or 1M is very important. If you are trading, you can't depending on other people's opinions of price action. You need to do your own research. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:BTCUSD
by MillionaireEconomics
2